Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.
Activities:
In Groups - Clarify bank/credit union findings and make sure they have been correctly discovered.
Choosing a Deposit Institution Presentations - Formative
Choosing a Deposit Institution Reflection - Summative
January 29
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.
See me on Monday or Tuesday during Seminar to learn the website and function.
February 19
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.
Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Review key concepts from the Financial System Unit.
Activities:
All students that were gone on Friday, please come in during Seminar today or Tomorrow to complete the first transactions in HR Block Budget Challenge.
Also for Instruction that was missed.
Discuss What Maintaining the account really looks like. Not always chronological.
Discuss the Reconciliation Process - What it is and its importance.
- Use their Register and the Bank Statement Provided to you
Discussion and Questions
Check for Understanding:
Vocabulary and Content Review
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.
Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
No School - Ice Storm
Check for Understanding:
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.
Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
Check Reconciliation Process and Maintaining a Checking Account Activity - Individually
Discuss Review Activities and Clarify and final items for the exam tomorrow.
Checking Account Assessment Prep Test Format
Multiple Choice
Short Answer
Matching
Application Work - Similar to the Checking Account Activity
Knowledge to Prep
Vocabulary
Complete a Deposit Slip
Write Checks and Endorsing Checks
Fill out deposit slips with cash withdrawals
Filling out a Check Register
Recording Other Transactions
Reconciliation Process and Complete the Form
Deposit and Non-Deposit Institutions and their products/serivces
FED and FDIC
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.
Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
All Maintaining a Checking Account Work Due Today by beginning of your class period.
Review for Assessment
Checking Account Assessment Prep Test Format
Multiple Choice
Short Answer
Matching
Application Work - Similar to the Checking Account Activity
Knowledge to Prep
Vocabulary
Complete a Deposit Slip
Write Checks and Endorsing Checks
Fill out deposit slips with cash withdrawals
Filling out a Check Register
Recording Other Transactions
Reconciliation Process and Complete the Form
Deposit and Non-Deposit Institutions and their products/serivces
FED and FDIC
Check for Understanding:
No School
February 26
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.
Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Prepare to Identify the purchases choices for life on your own.
Activities:
Opening and Maintaining a Checking Account Assessment - Part One
Must complete during the class period
Check for Understanding:
If complete before the end of the class period, please take the time to study for the remainder of the assessment tomorrow.
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Learning Target:
Identify the components of the credit process and who is involved.
Why should you be able to receive credit? - Assignment
You need to borrow $100 dollars from Mr. Combs, how does he know that you will be able to pay him back? Utilize the 3 C's, credit information and credit references to explain why you would be able to pay back the loan. This should be a well written paragraph with solid examples.
Due Tomorrow
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Cost of College - What does college cost? Begin to look into where you want to go and the costs of Room and Board and just living a day to day experience in college. Identify the schools you are interested in OR going to and their costs - Tuition/Room and Board
**EverFi - Financial Literacy**
HR Block Budget Challenge
Online Resources
http://money.cnn.com/pf/https://www.bettermoneyhabits.com/index.html
http://finance.yahoo.com/personal-finance/
http://www.investopedia.com/personal-finance/
No School
Finals of First Semester
Standard:
Learning Target:
Identify Student Knowledge of Financial ToolsActivities
Welcome Back!Parent Contact Form
Sign Up for Everfi
https://platform.everfi.net/registration/login
Watch the Overview of EverFi together
Describe how we will use the program.
Course Overview an Expectations Discussion
Check for Understanding
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will identify how deposit institutions make money in order to provide financial services for users.Activities:
Course Overview an Expectations DiscussionDiscussions
http://money.cnn.com/2017/06/27/pf/expenses/index.html
https://www.usatoday.com/story/money/personalfinance/2017/04/04/10-incredible-financial-statistics-that-sum-up-the-average-american/99860300/
https://www.fool.com/investing/general/2016/02/01/20-money-stats-that-will-blow-you-away.aspx
Check for Understanding:
Money Management SurveyStandard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will identify the 2 types of Deposit Institutions
Students will compare the two types of institutions to see their similarities and differences.
Activities:
What do you currently do with your money?Save it - For What
Spend it - On What
Paycheck
If you made 750 today, what would you do with the money? Discuss.
Why spend? On What? Why Save? How much?
Why use a Bank? - Identify your reasons
Begin Financial Institution Discussion
Deposit -
Interest -
Loan -
In your notes, write a short paragraph Summary about the following 2 questions -
What are the primary roles of a bank?
What do banks do to make money?
http://www.investopedia.com/university/banking-system/banking-system1.asp
Discuss Ways Banks make money
- Other ways - Fees/Costs to use Services
Banking and the Financial System
Business of Banking
Types of Financial Institutions
Banks vs. Credit Unions
Check for Understanding:
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit InstitutionsActivities:
Compare Banks and Credit UnionsCredit Union Benefits
http://www.bankrate.com/finance/credit-unions/pros-cons-credit-unions-1.aspx
http://money.usnews.com/money/personal-finance/articles/2015/01/06/the-pros-and-cons-of-a-credit-union-versus-a-bank
Explore Commercial Banks - Examples
Explore Credit Unions - Examples
Participation and Questions
Discuss Products and Services from the Deposit Institutions - Credit Unions and Commercial Banks
Wells Fargo, Veridian - Compare what they have for products and services.
Checking Accounts
Types of Accounts, Electronic Fund Transfers - Checks, Bill Pay, Debit Card, Transfers, etc.. - Find Examples
Savings Accounts
Function and Purpose - Limitations
CD'S
Purpose, Advantages and Disadvantages to Savings
Online/Mobile Banking - Examples
Wells Fargo
Veridian Credit Union
What other products and services did you find?
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit InstitutionsActivities:
Visit E-Bank - Bring something to take notes, and ask questions!Goals:
Discover the Products and Services at a bank for the customer to be able to use.
What do those products/services provide you with as a customer?
Expectations - Ask questions and engage
Check for Understanding:
Discussion and Guided NotesStandard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will recognize how banking has changed in the 21st century and recognize how to use the tools available for them at Deposit InstitutionsStudents will learn how the role of government protects them within the financial system.
Activities:
What other products and services did you find?Compare Wells Fargo, Veridian and E-Bank
Checking Accounts, Savings, CD's
Loans and other Credit Services
Personal Banker
Financial Advisor
Investments
Trusts
How are your Deposits kept safe? - Homework
FDIC - FDIC Video
How it works
FDIC - Who is the FDIC?
What is covered? - Video
**NCUA**
Check for Understanding:
Discussion and Guided NotesStandard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will learn how the role of government protects them within the financial system.Activities:
**FDIC Formative Check**
What's right for you? How to choose your bank?
Discover Fees, Restrictions, Convenience at the Institutions - WF, Veridian, Earlham Savings
Share my decisions - Experiences
Individual Discovery - Assigned an Institution
Complete for Tomorrow
Check for Understanding:
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.Activities:
In Groups - Clarify bank/credit union findings and make sure they have been correctly discovered.Google Presentation - Deposit Institutions
Presentations on Tuesday and Wednesday if needed.
Check for Understanding
Institution Worksheet Findings
Choosing a Deposit Institution Presentations - Formative
Choosing a Deposit Institution Reflection - Summative
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will demonstrate knowledge of products and services are available to the financial user and identifying the the correct deposit institution for their needs.Activities:
Short FDIC/NCUA DiscussionShare Links from Each Group
Complete their Presentations - Work Time
Check for Understanding:
EverFi - Banking Module - Due Friday
Presenting Deposit Institutions - Due Tomorrow
Choosing a Deposit Institution - Due on Friday
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will compare and contrast the different deposit institutions in order to determine the best financial choice for their situation.Activities:
Presenting Deposit InstitutionsTake notes and ask questions to begin to identify the institution of your choice.
Presentations
https://docs.google.com/presentation/d/16HIXy1p0rkS8NWbppsZYGbYASHB4HiYD6J5_x9Yz72E/edit?usp=sharing
https://docs.google.com/presentation/d/1JaEHR6WBmlWq19DpJl8uAifrCeQzSqwhVrF_A0jsvq8/edit?usp=sharing
https://docs.google.com/presentation/d/17g6nl8nRwrIoPnK3vkJ6voAmcO8zxqJBrpM0YPS9DM0/edit?usp=sharing
https://docs.google.com/presentation/d/11TQTtm2k7v-CtmJvhi2QajEpNwpp0WH3lR0iLZ-KGYw/edit?usp=sharing
https://docs.google.com/presentation/d/1QhExzNRC6LgyVgHp1Cv-3Ujes1CU5Idbj0rz37vQcDM/edit?usp=sharing
https://docs.google.com/presentation/d/1BwyeD4NdKrG6OJtsoEnj-ykLHj732P8Tk8MoXJUBbic/edit?usp=sharing
https://docs.google.com/presentation/d/1zU6nRfH4k5eltmn6TreoFNEHPsASKxQnUTqcqJsGwJI/edit?usp=sharing
https://docs.google.com/presentation/d/1BlndaKEKs9e9gyjDIYl3As0NvuT66wpSSSy5k80zI0w/edit?usp=sharing
https://docs.google.com/presentation/d/1jbjJjxSJjcI8zXWeVvD2zwbg8AjX5r8qnY5CsoOy20I/edit?usp=sharing
https://docs.google.com/presentation/d/1k1iZAPn2v6lFBPWhEKcFLsuCOZJHv69V_qPCLkeLJb0/edit?usp=sharing
Check for Understanding:
Presenting Deposit Institutions
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will compare and contrast the different deposit institutions in order to determine the best financial choice for their situation.Activities:
Finish Presenting - Last GroupWhen complete with the presentation, students need to work on the two assignments listed below.
Check for Understanding:
Choosing Your Deposit Institution Due Friday
EverFi - Banking Module - Due Friday
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will recognize the type of financial institutions to utilize based upon their financial needs and tool necessary.Activities:
Discuss Choosing a Deposit InstitutionNon-Deposit Institution Discussion - Purpose and Functions
Vocab Development - Discuss Definitions
Insurance
Investment
Stocks
Mutual Fund
Bond
IRA - Individual Retirement Accounts
401(k) - First 1:20
Financing or Consumer Credit
Durable Good
Non Durable Goods
Discover Examples Non Deposit Institutions and their services - What is available? - Any Banking Services?
Life insurance Companies
Prudential
New York Life
Metlife
Northwestern Mutual
Insurance
State Farm
Progressive
All State
Check for Understanding:
Choosing Your Deposit Institution Due Tomorrow
Everfi - Banking - Due Tomorrow
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Students will recognize the type of financial institutions to utilize based upon their financial needs and tool necessary.Activities:
Investment Companies
Fidelity
Edward Jones
Merrill Lynch
Charles Schwab
American Century
Consumer Finance Companies
https://www.mysynchrony.com/
https://www.toyotafinancial.com/pub/home/
http://www.homemakers.com/visit/financing
Check Cashing Outlets
https://checkintocash.com
Mortgage Companies
Pawn Shops
http://www.pawnamerica.com/pawn-loans.php#
Individual
Watch the following video to understand some of the Federal Reserve's key characteristics.
The FED Video
Check for Understanding:
Non Deposit Check Monday
HR Block Budget Challenge Preparation and Sign Up
Discuss the Program, What it is for and how we will use the program.
Grading of your Activity - Purpose for You
Begin Vendor Selections -
Job
Bank
Rent
Auto Loan
Auto Insurance
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Identify the function of the Federal Reserve and the impact on the financial system.Activities:
FED Funds Rate
http://www.investopedia.com/terms/f/federalfundsrate.asp
Take notes and identify the highlights about the FED
Pairs Around the room
Quiz on Wednesday
Check for Understanding:
Standard:
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.Learning Target:
Identify the knowledge of the Federal Reserve and where we can obtain the financial services that we will use.Activities:
Non Deposit Institution Formative Questions
FED Quiz
When complete read through the following article about checking account offers. To see if the incentives are enough to open an account.
https://www.moneycrashers.com/best-new-bank-account-promotions-offers/
OR
Complete Missing Work
Check for Understanding:
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Learning Target:
Identify the key features of the checking account and what to consider when opening the account.Activities:
Discuss Formative Checks - FED and Non DepositsHR Block Budget Challenge Preparation
- Complete Vendor Selections- Navigating the Website
- Quizzes, Surveys, Bills, Email Importance
Financial Scenarios - Group Activity and Discuss
Check for Understanding:
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Learning Target:
Discover how to open a checking account,What tools are are provided with when using the account?
Activities:
Opening a Checking Account
http://www.bankrate.com/finance/checking/questions-for-choosing-checking-account-1.aspx
https://www.usatoday.com/story/money/personalfinance/2017/08/01/8-questions-to-ask-before-opening-a-new-bank-account/104036696/
Opening a Checking Account Video
https://www.youtube.com/watch?v=DApbHzW2QZM
Discuss the Video
Discuss the Benefits and types of checking accounts at Deposit Institutions
Regular vs Interest Checking - Show Example Comparison
Incentives? Checking Account Offers http://www.moneycrashers.com/best-new-bank-account-promotions-offers/
Your Checking Account Choice - Due Monday
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Learning Target:
Discover how to open a checking account,What tools are are provided with when using the account?
Activities:
What did you discover? - Checking Account ChoiceOpen their Checking Account - Signature Card and Initial Deposits
Remind them of the process. - Online or Branch
Signature Card
Complete the Google Form for their Signature Card.
Create a Check Register - Spreadsheet - Based on the physical copy
Pass out documents - Register, Checks, Deposit Slips
Make your first deposit - Minimum Opening Balance
Filling out your Check Register/Deposit for the 1st opening deposit
Check for Understanding:
Checking Account Activity
Standard:
Successfully maintain a checking account.Learning Target:
Identify the tools used to maintain a checking account.Understand the impact of a transaction on your checking account.
Activities:
Continue to Maintain your Checking AccountTransactions
First Transaction - $2500 Graduation gift, fill out a deposit slip and record in the check register.
Components of the Check
Check Writing Tips
Check for Understanding:
Checking Account Activity
Standard:
Successfully maintain a checking account.Learning Target:
Identify the tools used to maintain a checking account.Understand the impact of a transaction on your checking account.
Activities:
Writing 3 Checks to your partner, and record each check individually in your check register. - Follow the TransactionsWhen is a check worth using? What are other options?
Checks - Give to your Partners and Record in your Register
Endorsements
Learn how to properly endorse a check - 3 types of endorsements.
Endorse each check for tomorrow
Check #
1048 - Books - Blank
1049 - Car - Restrictive
1050 - Dinner - Special
Check for Understanding:
Checking Account Activity
Standard:
Successfully maintain a checking account.Learning Target:
Identify the tools used to maintain a checking account.Understand the impact of a transaction on your checking account.
Activities:
Period 1:
Deposit Slip - Checks and take cash back
Record Deposit with Cash Back
Complete all remaining transactions.
Mr. Combs - Leaves at 9:00
Complete all other transactions in your register for tomorrow.
Period 2: Report to the library
Use the Checking Account Keynote (Last Friday's Date) to learn how a deposit plus a cash withdrawal looks on a deposit slip.
Complete all remaining transactions. You will start with #6 and the deposit plus cash withdrawal
Check for Understanding:
Checking Account Activity
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Review key concepts from the Financial System Unit.Activities:
Check Final Registers for Completion - Check and Deposit Slips, ChecksDiscuss Types of Checks
Discuss using Checking Account Features
Money Orders
EFT Options
HR Block Budget Challenge
First Transactions - Check RegisterSee me on Monday or Tuesday during Seminar to learn the website and function.
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Review key concepts from the Financial System Unit.Activities:
All students that were gone on Friday, please come in during Seminar today or Tomorrow to complete the first transactions in HR Block Budget Challenge.
Also for Instruction that was missed.
Discuss What Maintaining the account really looks like. Not always chronological.
Discuss the Reconciliation Process - What it is and its importance.
Performing the Reconciliation Process
File Make a Copy and Insert your Opening Balance to update the statement.
https://docs.google.com/spreadsheets/d/1YWxusKx-1dWgyVT1Iz_gKEGRaDqLOMWStfZTJGyQ-_I/edit?usp=sharing
- Use their Register and the Bank Statement Provided to you
Discussion and Questions
Check for Understanding:
Vocabulary and Content Review
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
No School - Ice Storm
Check for Understanding:
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
Check Reconciliation Process and Maintaining a Checking Account Activity - IndividuallyDiscuss Review Activities and Clarify and final items for the exam tomorrow.
Checking Account Assessment Prep
Test Format
Multiple Choice
Short Answer
Matching
Application Work - Similar to the Checking Account Activity
Knowledge to Prep
Vocabulary
Complete a Deposit Slip
Write Checks and Endorsing Checks
Fill out deposit slips with cash withdrawals
Filling out a Check Register
Recording Other Transactions
Reconciliation Process and Complete the Form
Deposit and Non-Deposit Institutions and their products/serivces
FED and FDIC
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Activities:
All Maintaining a Checking Account Work Due Today by beginning of your class period.
Review for Assessment
Checking Account Assessment Prep
Test Format
Multiple Choice
Short Answer
Matching
Application Work - Similar to the Checking Account Activity
Knowledge to Prep
Vocabulary
Complete a Deposit Slip
Write Checks and Endorsing Checks
Fill out deposit slips with cash withdrawals
Filling out a Check Register
Recording Other Transactions
Reconciliation Process and Complete the Form
Deposit and Non-Deposit Institutions and their products/serivces
FED and FDIC
Check for Understanding:
No School
Standard:
Evaluate financial services provided by a deposit institution in developing a money management system.Successfully maintain a checking account.
Understand how utilize the financial system to protect and use their money in order to effectively participate in the 21st century.
Learning Target:
Prepare to Identify the purchases choices for life on your own.Activities:
Opening and Maintaining a Checking Account Assessment - Part OneMust complete during the class period
Check for Understanding:
If complete before the end of the class period, please take the time to study for the remainder of the assessment tomorrow.
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the components of the credit process and who is involved.Identify the different forms of credit available.
Activities:
Finish Assessments - Part 2Read when complete.
Article 1
https://features.desmoinesregister.com/news/student-loan-debt-poised-increase/
Article 2
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Understand what it takes to earn the ability to use credit.Know the importance of your Credit Score and what it represents.
Activities:
Understanding of CreditWhat is Credit? - Student Examples
Discuss Creditor, Debtor, Types and Trust
Maxed Out - Video and Discussion first 15 minutes
Check for Understanding:
Maxed Out Reflection Questions
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
What data is collected on your Credit Report and what is information used for.Understand the differences between the two forms of Bankruptcy.
Activities:
Types of Credit - ExamplesUsers of Credit - Who and for what purpose
Maxed Out - Video and Discussion - 22-31 Minutes
Check for Understanding:
Maxed Out Reflection Questions
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Understand the differences between the two forms of Bankruptcy.Identify how credit plays a role in the lives of the consumer.
Activities:
How do you earn Credit? The 3 C's
Maxed Out - Finish Segment
31-35 Minutes
What do financial institutions look for when determining a loan? Credit History
What is a Credit Score
Improve your Credit Score - Categories they look at.
Credit Score
What information do you provide the creditor?
Credit Card Application
https://applynow.capitalone.com/?productId=1844
Check for Understanding:
Maxed Out Reflection Questions
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Learning Target:
Identify the differences between the types of bankruptcy for consumer.Activities:
Mr. Combs Gone
Credit Score - Everfi Module - Due tomorrow.
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Learning Target:
Understand the Terms and Conditions of Credit CardsActivities:
Credit Score RankingsHomes
https://www.lendingtree.com/mortgage/minimum-mortgage-qualifications-article
Cars
https://www.edmunds.com/car-loan/what-you-need-to-know-about-zero-percent-car-loans.html
The Credit Report - What is it and What Does it Show?
http://www.investopedia.com/articles/04/122304.asp
Credit Report Retrieval
Bankruptcy
http://www.investopedia.com/terms/b/bankruptcy.asp
Maxed Out - 39 mins -42 mins
48 - 55
Check for Understanding
Types of Bankruptcy
http://www.consumer.ftc.gov/articles/0084-debt-relief-or-bankruptcy
Record and Identify the Differences between Ch. 13 and Ch.7 Bankruptcy Laws.
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Learning Target:
Identify the types of credit available to Consumers and their features.Activities:
Finish Maxed Out -
48 - 55
Bankruptcy Check and Discuss
Disadvantages of Credit
Discuss current levels of Debt for Families
http://www.fool.com/retirement/general/2016/05/08/the-average-american-household-owes-90336-how-do-y.aspx
http://money.cnn.com/2017/02/16/pf/americans-more-debt-in-2016/
https://www.nerdwallet.com/blog/average-credit-card-debt-household/
Advantages of Credit
Check for Understanding:
Complete Maxed Out Reflection Questions
Bankruptcy Check
Why should you be able to receive credit? - Assignment
You need to borrow $100 dollars from Mr. Combs, how does he know that you will be able to pay him back? Utilize the 3 C's, credit information and credit references to explain why you would be able to pay back the loan. This should be a well written paragraph with solid examples.
Due Tomorrow
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.
Learning Target:
Activities:
Finish Advantages and Disadvantages DiscussionUses of Credit
Discover the Types of Accounts
Regular
Budget
Revolving
Installments
Know What Your Signing
Follow along with the examples provided to understand the terms and conditions.
Calculating Interest - Most Common
Average Daily Balance Method - http://www.investopedia.com/terms/a/averagedailybalance.asp
No School
Spring Break
Spring Break
Spring Break
Spring Break
Spring Break
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Recognize the Terms and Conditions of a Credit CardActivities:
Credit Card TypesStandard
Secured
Rewards
Store
Credit Card Discovery
Complete the research on the 2 Regular/Bank Credit Cards that are best in your mind.
Discuss Options - What do you want to look for?
Use for discovering credit card options
https://www.nerdwallet.com
Include the HYPERLINK FOR EACH CARD
If completed early - Review the Credit Card Statement and Terms Definitions for Quiz tomorrow
Check for Understanding:
Credit Card DiscoveryStandard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Discover how to use and maintain the credit card.Activities:
Discuss Credit Cards - Why you chose them.
Share my decisions - My Choices
Secured Card and Student Credit Cards
Establishing Credit
Discover a Secured or Student Credit Card - Examples
Secured
https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-secured-credit-cards/
https://www.wellsfargo.com/credit-cards/secured/
Student
https://www.discover.com/credit-cards/resources/apply-student-credit-card?ICMPGN_STUD_CAT_ARTICLE1
https://www.discover.com/credit-cards/student/
Add to your Credit Card Discovery
Store Card
What are the benefits of a store credit card and why are they used?
Check for Understanding:
Complete your Credit Card Discovery Document for Tomorrow
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the characteristics of the different types of loans.Activities:
Credit Terms/Statement QuizWhen finished please read the following articles or learn from the following website to enhance your understanding.
https://www.thebalance.com/smart-ways-for-college-students-to-use-credit-cards-960105
Select Credit Card Basics and Choose Topics
https://www.creditcardinsider.com/learn/
If time.....
First Use of Credit?
Terms and Statement Feedback
Finish Laptop Buying Scenario
Buying a Laptop for School
https://www.cnet.com/topics/laptops/products/
https://www.bestbuy.com/site/electronics/computers-pcs/abcat0500000.c?id=abcat0500000
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the components of the installment loan.Understand the characteristics of an Auto Loan and Car Purchase.
Activities:
Using and Paying a Credit CardSee the credit card in use.
Examples - Discuss the advantages, disadvantages, challenges, dangers, etc...
Q and A
Consumer Loans - Reference the Keynote
Single Payments
Secured Payments
Installment Loans
Where to go? Bank, CU, Consumer Finance Companies
Auto Loans
Financing Options - Banks, Credit Unions, Consumer Finance, New and Used
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the components of the installment loan.Understand the characteristics of an Auto Loan and Car Purchase.
Activities:
Car Loan Comparison
Compare the loan options - Bank, CU, Dealer
Compare Car Buying Situations - Incorporate Taxes, Down Payments, Title and Registration.
Loan Calculator
Check for Understanding:
Everfi - Payments - Due Next Friday
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Activities:
Discuss the Auto Loan Practice
Decisions in what is the right option. - What to compare.
Monthly Payments/Interest/Maturity Values/Income/Down Payments/Other Financial Situations
Reducing the Maturity Value of your Loan
Bank Rate Calculators
https://www.bankrate.com/calculators.aspx
10%-15 of Gross Income Should be spent on a Car
(Payment/Insurance/Gas/etc..)
Choice of Loan - Comparison not just solving but what is right?
Scenarios - Use the practice document to analyze
Continue Buying Decisions
- What to think about
- Other Considerations
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Recognize the elements of borrowing money and the ending cost of the purchase.Activities:
IA Assessments - 30 minute class periods
Auto Loan - Formative Check
Instructions and Work Time
Due ThursdayCheck for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Recognize the elements of borrowing money and the ending cost of the purchase.Activities:
Reducing the Maturity Value of your LoanBank Rate Calculators
https://www.bankrate.com/calculators.aspx
Car Buying - Things to Consider - Open and Make a copy for your group to share with them.
https://docs.google.com/a/wghawks.school/presentation/d/13hOVIqLiGycTRQMvO2rPywYiLAvx6HRDhQXkI_OC_JY/edit?usp=sharing
Buying vs. Leasing - Discuss Advantages and Suggestions for both options.
http://www.consumerreports.org/cro/2012/12/buying-vs-leasing-basics/index.htm#
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Recognize the elements of borrowing money for buying a homeActivities:
IA Assessments - 30 minute class periodsAuto Loan Check Due
Warranty Offers
Typical Coverage
https://www.hyundaiusa.com/assurance/america-best-warranty.aspx#3
What will be offered after you decide on the car?
Examples of Extended Service Plans
Ford
https://fordprotect.ford.com/extended-service-plan
Nissan
https://owners.nissanusa.com/nowners/navigation/extendedServiceContent
Chevy
http://www.chevrolet.com/protection/protection-plan
What else needs to be considered about owning a car during a year?
Create The Expense List
What to look for and consider in a car purchase?
Brand
Vehicle Type
Features
Trade In
On the Lot or Delivery
New or Used
Wrap up the Car Buying Discussion and discuss what were the right loans to have picked based on the scenario.
Check for Understanding:
https://financechallenge.unl.edu/Iowa/StudentLogin
30 Minutes to complete the challenge - Prize to the Winner - Both Classes
When finished, you must do one of the following
Reworks
Missing Work
Everfi- Payments
Read Personal Finance Articles Below
https://www.moneycrashers.com/financial-tips-college-students-save-manage-money/
https://www.fidelity.com/mymoney/mymoney-at-your-college
https://www.nerdwallet.com/blog/loans/student-loans/top-financial-literacy-tips-college-freshman/
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Activities:
Begin discussing the Home Buying ProcessRenting vs Owning a Home
https://www.moneycrashers.com/rent-or-buy-a-house/
http://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp
Mortgage Basics
The Home Buying Process - The Steps
Buying a Home Basics and How Much Can I Afford?
What can I afford? - Practice using the Expense to Income Ratio and Expense to Income.
Ratios - Below the Calculator
http://www.bankrate.com/calculators/mortgages/new-house-calculator.aspx
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the options for purchasing a home and the requirements of each type of mortgage.Activities:
The General Home Buying Process
https://www.youtube.com/watch?v=UiEjly2dUF4&index=8&list=PL7DA6D5A8202C29A2
Home Buying Steps -Quicken Loans Videos
https://www.youtube.com/watch?v=UiEjly2dUF4&index=8&list=PL7DA6D5A8202C29A2
Things to Consider and Mortgage Process
Discuss the types of 2 Primary Types of Mortgages - Conventional and ARM
PMI
http://www.bankrate.com/finance/mortgages/the-basics-of-private-mortgage-insurance-pmi.aspx
Conventional vs Adjustable Rate
Check for Understanding:
How Much Can you afford - Check
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the impact that interest, principal, banks/credit unions and the term have on the cost of home.Activities:
FHA and VA LoansCompare - Similarities and DifferencesAdvantages/Disadvantages.= =
Discover the impact of interest on a Mortgage
https://www.bankofamerica.com/mortgage/mortgage-rates/
Sample Home
30 and 15 Year - Conventional
Down Payment Comparisons - PMI
Calculating the Cost of a Home - Interest Costs/Differences
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx?ic_id=home_smart%20spending_global-nav_mortgage_mortgage-calculator
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Determine the impact of the other costs of the mortgage on your payment and meeting the expectations of the bank.Activities:
Questions for Tomorrow
https://docs.google.com/document/d/1witfqUE7nKAeWfmFg1AvV_iQkCxKXXJJCSqusDcluk4/edit?usp=sharing
Solving for the cost of a Mortgage - Groups
Sample Home
Wells Fargo, Veridian, US Bank, Quicken Loans - Period 1
https://docs.google.com/spreadsheets/d/1-DDmTOuI4T1QcVjmFwTkrXTOFmCbxpj27dH2_jNFx8I/edit?usp=sharing
Period 2
https://docs.google.com/spreadsheets/d/12XyG3cxu0VxoFO0Aa8EvoVIuu-byBG72C7-8EAl1WJE/edit?usp=sharing
Mortgage Calculator
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx?ic_id=home_smart%20spending_global-nav_mortgage_mortgage-calculator
Up Front Costs
Closing Costs/Down Payments
Closing Costs - 2-5% of loan - Check out Home Buying Guide 101
Associated Costs of the Loan - Monthly Costs
Private Mortgage Insurance - What is it and the impact?
.5 - 1.5% of the loan
Escrow (Accounts) -
Summarize the video about Escrow and how it factors into the mortgage process.
Homeowner's Insurance
https://www.allstate.com/tools-and-resources/videos/typically-covered-homeowners-insurance.aspx
Property Taxes
Assessed Value
http://www.investopedia.com/terms/a/assessedvalue.asp
Property Taxes - County - Assessors Website
http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Solving for the cost of the home loan.Activities:
Amy Smith from University of Iowa Credit Union.
Mortgage and Credit Fundamentals
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Activities:
Recap Friday's VisitWrite a Thank you to Amy,
https://docs.google.com/a/wghawks.school/document/d/12CkBg5HiSpuAxjeJJqqeWgP0sYI8GgsFl-R-KSBohOQ/edit?usp=sharing
Mortgage Calculator
Practice - Home Buying
Sample HomeIdentify the Following:
Mortgage Terms
Mortgage Considerations
Loan Costs
How long will it take to get rid of PMI.
Property Taxes - County - Assessors Website
http://web.assess.co.polk.ia.us/cgi-bin/web/tt/infoqry.cgi?tt=home/index
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify how to minimize the cost of the homeWhat else goes into the cost of owning a home?
Solving for which home loan is the right and best choice.
Activities:
Home Loan Formative CheckHome for the Assignment
http://www.iowarealty.com/residential/dmm/557217/8021-garrison-road-clive-ia-50325
Instructions and Clarifications
Complete everything but the extra payments on the loan chosen.
Due Thursday
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Learn from the professional and understand what it takes to become a first time home buyer.Activities:
Lower the Maturity Value. - Compare Extra Monthly Payments, Yearly Payments
Home Equity
What is Equity and why would you try to build Equity? .
What goes into the purchase of a home besides a loan and its parts? - Create the List to find the true Cost of Ownership
Finish Discussions on the cost of owning a home.
Homeowner's Association - Costs and what are they for?
Refinancing
What does it do for you and why would you refinance?
When to Refinance?
https://www.zillow.com/mortgage-calculator/refinance-calculator/
What goes into the purchase of a home besides a loan and its parts? - Create the List to find the true Cost of Ownership
Finish Discussions on the cost of owning a home.
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the cost of your choice of higher education for the time you are in college.Activities:
Costs of Collegehttps://studentloans.net/student-loan-debt-statistics/
Use the article to discover the costs of college.
https://studentaid.ed.gov/prepare-for-college/choosing-schools/consider/costs
Cost of College - What does college cost? Begin to look into where you want to go and the costs of Room and Board and just living a day to day experience in college.
Identify the schools you are interested in OR going to and their costs - Tuition/Room and Board
College Costs
Look at the Net Annual Costs to get an idea of what you will be having to pay. Tuition and Room/Board
College Scorecard
Determine the 4 year cost of college/2 year/etc..
Discuss all other related costs.
Discuss How to Pay for College - Types of Aid and Options to pay.
Tuition Reimbursement
https://www.estudentloan.com/blog/10-companies-will-help-pay-college
http://yescollege.com/2016/06/companies-tuition-reimbursement/
Check for Understanding:
Home Loan Assignment Due
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
What do students need to consider when deciding how to pay for college.Activities:
What is the process of obtaining financial aid? Begin the Process - Videos and Links are contained in the Keynote.Types of Aid and the Process - Video
The FAFSA - Discuss Senior Experiences, Reminders
- What will you need
What happens after you submit the FAFSA? - Video
Check for Understanding:
Homework - Watch the video below and write a Reflection regarding what is your plan of paying for college and how that will impact you financially.Then, what questions do you have about paying for higher education that you want answered.
Adam Carroll - Economic Realities of College are Changing
https://www.youtube.com/watch?v=PpN8KlnU7Fw
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the different ways to pay for higher education.Understand the process for obtaining student aid/loans.
Activities:
Share Reflections - TakeawaysAccepting Aid - The Award Package
https://studentaid.ed.gov/sa/fafsa/next-steps/accept-aid
Responsible Borrowing - Video
Look at examples of Award Letters
Types of Each Federal Loan
https://studentaid.ed.gov/sa/types/loans
Compare the Loan Programs
https://studentaid.ed.gov/sa/sites/default/files/federal-loan-programs.pdf
https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized
Borrowing Limits
https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized
Master Promissory Note
https://studentaid.ed.gov/sa/fafsa/next-steps/accept-aid/mpn
Disbursement of Money - Receiving Aid
https://studentaid.ed.gov/sa/fafsa/next-steps/receive-aid
Interest Rates and Fees
https://studentaid.ed.gov/types/loans/interest-rates
Check for Understanding:
EverFi - Higher Education - Due Wednesday
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the different ways to pay for higher education.Understand the process for obtaining student aid/loans.
Activities:
Repaying your Loan
https://www.youtube.com/playlist?list=PL5C43A3FD801FDF45
https://studentaid.ed.gov/repay-loans
Repayment Understanding
https://studentaid.ed.gov/repay-loans/understand
Standard, Graduated, Extended, Income Based
https://studentaid.ed.gov/sa/repay-loans/understand/plans
https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action
Student Loans - The Cost
http://www.bankrate.com/calculators/college-planning/loan-calculator.aspx
Federal vs Private Loans - Interest Rates
https://studentaid.ed.gov/sa/types/loans/federal-vs-private
https://wfefs.wellsfargo.com/terms/TodaysRatesFilterServlet
http://www.finaid.org/loans/privatestudentloans.phtml
Current Realities
https://www.desmoinesregister.com/story/news/education/2018/03/01/college-expensive-heres-how-stretch-your-money-further/351174002/https://features.desmoinesregister.com/news/parent-plus-student-loans-college-debt/
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Identify the different ways to pay for higher education.Understand the process for obtaining student aid/loans.
Activities:
Student Loan Formative Check - Google Formhttps://docs.google.com/forms/d/1k-pYM9VyAkKP44wYXETTp_Jxxn9hPX2jhy3okWswarM/viewform?usp=send_form
Finish All Missing Work
Assistance on any Credit Topics, Practice Work, Vocabulary
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Review All Credit TopicsActivities:
Vocabulary/Content Review - KahootCheck for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Review All Credit TopicsActivities:
All Work and Rework Due by 3:00
Review, Reworks, complete missing work.
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Activities:
Credit Assessment Part 1
Check for Understanding:
Standard:
Analyze factors that affect the types of credit, the cost of credit, and the legal aspects of using credit.Learning Target:
Activities:
Finish Credit Assessment
Check for Understanding:
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Identify the 4 taxes taken from our paychecksKnow why they are taken and what they go towards.
Activities:
What to look for in employment and getting hired.Extrinsic Benefits
http://blog.aftercollege.com/top-benefits-to-look-for-in-your-job-hunt/
Read through the different examples for Understanding
https://collegegrad.com/jobsearch/successful-job-offer-negotiation/evaluating-your-benefits-package
Taxes Incentive Benefits, Common Benefits and Characteristics
Employee Benefits on the job, day to day.
Watch the Video Below
https://www.youtube.com/watch?v=1d8_lkiH7zs
The Hiring Process - The first steps - Determine Benefits and other Items to Select. - Go through a new hire packet.
Benefits Package Example
https://www.aboutschwab.com/images/uploads/inline/Charles_Schwab_Benefits_Guide_2018.pdf
Check for Understanding:
Finish Extrinsic BenefitsPut your top 5 list together of benefits that you want in your future career.
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Discover the things to consider in looking for your career and what the career has to offer.Activities:
How you are paid?How often you are paid?
Complete the W-4's - Watch the video for assistance then complete the Federal W-4 for Monday.
https://www.bettermoneyhabits.com/taxes/how-taxes-affect-paycheck/how-to-fill-out-w4.html
Determine the number of Allowances to claim on the W4.
Federal and State W4
Iowa W4
Federal W4
Allowances - Questions???
Check W-4s - Questions???
How to claim Tax Exempt
Read p. 10-11 to learn about you qualify for Exemption. - Take Notes
Iowa W-4 - Exempt
What qualifies you for exemption from Iowa Income Tax? - Take notes on the different possibilities.
Employee Tax Responsibilities
Check for Understanding:
Discussion
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Understand what you provide to your employer in regards to tax information.Complete a W-4 with the correct information in regards to determining your allowances.
Activities:
Discuss Schedule for Next Week - MAP Testing and My Absences.
Federal Income Tax
http://www.investopedia.com/terms/f/federal_income_tax.asp
http://www.cnbc.com/id/26941466/page/1
State Income Tax
http://statelaws.findlaw.com/iowa-law/iowa-personal-income-tax-laws.html
http://www.cbpp.org/research/policy-basics-where-do-our-state-tax-dollars-go
https://ballotpedia.org/Iowa_state_budget_and_finances
Social Security - Who receives it, what is it for, 6.2%, its current problem.
Medicare - Who receives it, what is it for, 1.45%
The Paycheck - What does it show and what is removed? Taxes and Pretax Deductions
Take notes on the 4 Taxes taken from your paycheck for
Benefits and Other Deductions
Health Insurance, Retirement, Flex Spending (Daycare/Health), others - Tax Benefits
Savings Calculator - PreTax Savings
https://ffcalcs.com/pretax_savings
Use HR Block Budget Challenge and my Pay Stubs
End of the Year - Receiving your W2
Understanding the W-2 - Look at a Sample W-2
http://mybissim.com/wp-content/uploads/2016/09/printable-w2-form-yte3dofe.jpg
Preparing for your Taxes - What to collect and hang on to?
http://blog.turbotax.intuit.com/tax-planning-2/5-common-tax-forms-you-should-expect-in-the-mail-16106/
Deductions vs Credits
https://www.nerdwallet.com/blog/taxes/tax-credit-vs-tax-deduction/
Common Deductions and Credits
https://www.irs.gov/credits-deductions/individuals
Discuss Free Filing Options
https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free
Discuss why people choose not to do their own taxes.
Prepare for the Tax Assessment
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Understand the components of the paycheck and what is removed.Identify what to be aware of in preparing for your taxes during and at the end of the year.
Activities:
Savings - Everfi Module - Complete by Friday
Investment - EverFi Module - Complete by Monday
Check for Understanding:
DiscussionStandard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Activities:
Changes to the Tax System - What it means for you
https://www.cnbc.com/2018/02/16/10-tax-changes-you-need-to-know-for-2018.html
Kahoot - Tax Review
Discuss the Reading - What did you take away?
What to save for? - How do you determine your goals?
Share My Savings Plans
Savings Goals -Describe your way of obtaining the goal established. How are you going to about reaching to your goals?
Ways to Save - Suggestions, Goals, My Process, The Suggested Amount - (10, 15, 20%?)
1.) Create your Savings Goal - Image and Amount, describe your plan for saving. Be detailed so you know how to accomplish the savings goal.
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Activities:
Mr. Combs - Gone
Income and Tax Assessment
When complete Read the following article about savings.
Savings Challenges
http://fortune.com/2016/01/06/savings-unexpected-expenses/
Check for Understanding:
Standard:
Learning Target:
Activities:
Mr. Combs - Gone
Complete Everfi - Modules
Savings and Investments
Check for Understanding:
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Understand the features of the 3 primary investment tools in growing your money.Activities:
Savings and Investing - Growing your MoneyWhat do we save for? Why? - My Examples
What savings tool (Savings Account, CD's, at home)?
Research Savings Account Rates
Compound Interest Calculator
Savings Scenarios - Use a Savings Calculator to recognize the differences in savings plans. $50, $100, $150
Savings vs. Investing
Safety, Yield, Liquidity
Why and Ways to Invest - Retirement and for Growth.
Investment Research - Complete the Guided Notes Investments and Retirement Accounts.
Stocks
https://www.youtube.com/watch?v=JrGp4ofULzQ
http://www.investopedia.com/university/stocks/?rp=i
http://www.investopedia.com/university/introduction-to-dividends/
Mutual Funds
http://www.investopedia.com/video/play/introduction-mutual-funds/
http://www.investopedia.com/university/mutualfunds/
Bonds
http://www.investopedia.com/video/play/understanding-bonds/
http://www.investopedia.com/university/bonds/bonds2.asp
Check for Understanding:
Notes due MondayInvestment - EverFi Module - Monday
Allowances vs Exemptions -
Record the differences in your notes.
http://smallbusiness.chron.com/allowances-vs-exemptions-32356.html
Practice Completing the 1040EZ
For those absent or need more assistance
Use the video to assist you in its completion - Watch together and use the sample W2 document.
https://www.bettermoneyhabits.com/taxes/planning-your-taxes/filling-out-1040ez.html
Instruction Manual - 1040EZ
http://www.irs.gov/taxtopics/tc352.html
1040EZ, 1040A, 1040
Online Tools available, why online and not traditional forms
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Complete the 1040 EZ Tax ReturnActivities:
Page 5 What's New?
Use pages, 10-23 to assist you and follow the line by line instructions.
Required Practice - Fill out the 1040EZ on the computer. - Make sure to SAVE IT!!!!!
1040EZ
INSTRUCTIONS FOR 1040EZ
Use the W2 below to assist you.
Cicely is Single and not a dependent.
Check for Understanding:
Assignment - Due Tuesday -1040EZ
INSTRUCTIONS FOR 1040EZ
Check over work - Discuss any questions for the 1040EZ
Analyze HR Block Budget Challenge W2 information
Standard:
Identify various forms of income and analyze factors that affect income as a part of the career decision-making processLearning Target:
Understand the process of filing your taxesActivities:
INSTRUCTIONS FOR 1040EZCheck for Understanding:
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Understand the basic retirement plan options and its characteristics.Identify the benefits of starting to plan for your retirement as early as possible.
Activities:
Discuss Investment Notes- Stock Prices
Discuss the purpose, choices, reasons to invest compared to saving tools.
https://www.investopedia.com/terms/c/capital_gains_tax.asp
Begin Retirement Research - Build from Investment Discovery
http://money.cnn.com/2018/03/29/retirement/no-retirement-savings-millennials/index.html
Why plan for retirement now?
https://www.fool.com/investing/2017/04/21/the-average-cost-of-retirement-is-738400-will-you.aspx
Retirement Guide -
http://money.cnn.com/retirement/guide/?iid=EL
Retirement Options to Discuss- 401(k) or 403(b), IRA, Roth IRA, Pensions
Retirement Research Links
IRA -
money.cnn.com/retirement/guide/IRA_Basics.moneymag/index.htm
https://www.fidelity.com/retirement-planning/learn-about-iras/what-is-an-ira
https://www.wellsfargo.com/investing/retirement/ira/traditional-or-roth-ira/
www.investopedia.com/terms/i/ira.asp
Traditional IRA
http://www.investopedia.com/terms/i/ira.asp
http://money.cnn.com/retirement/guide/IRA_traditional.moneymag/index.htm?iid=EL
Roth IRA -
http://money.cnn.com/retirement/guide/IRA_Roth.moneymag/index.htm?iid=EL
401(k)
https://www.youtube.com/watch?v=tP4zWCS4dMM
https://www.irs.gov/retirement-plans/401k-plans
money.cnn.com/pf/money-essentials-401k-investing/index.html
money.cnn.com/retirement/guide/401k_401kplans.moneymag/
money.cnn.com/retirement/guide/401kandCos/?iid=EL
403(b)
http://www.investopedia.com/university/retirementplans/403b/
https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans
money.cnn.com/retirement/guide/401k_403bplans.moneymag/index.htm?iid=EL
Pensions -
http://www.investopedia.com/terms/p/pensionplan.asp
**IPERS** -
Check for Understanding:
Investment and Retirement Notes - Due Tomorrow
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Understand the basic retirement plan options and its characteristics.Identify the benefits of starting to plan for your retirement as early as possible.
Activities:
Prepare for Assessment - Check through their notes, complete notes, complete Everfi Modules. Compare with others.Savings Goals, Tools, Strategies
401(k), IPERS, Roth IRAs, IRAs
Mutual Fund, Stocks, Bonds
Share Average Retirement Accounts - Compared to Expected Average Amount
https://www.fool.com/investing/2017/04/21/the-average-cost-of-retirement-is-738400-will-you.aspx
https://www.investopedia.com/articles/personal-finance/010616/whats-average-401k-balance-age.asp
https://www.cnbc.com/2017/04/07/how-much-the-average-family-has-saved-for-retirement-at-every-age.html
https://www.usatoday.com/story/money/personalfinance/2017/04/04/10-incredible-financial-statistics-that-sum-up-the-average-american/99860300/
http://time.com/money/4357248/retirement-401k-vanguard-balance/
Add in Social Security
https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf
Retirement Calculators
http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx
http://www.bankrate.com/calculators/retirement/roth-ira-plan-calculator.aspx
Check for Understanding:
Investment and Retirement Notes for Review
Savings - Notes
Prepare for the assessment.
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Understand the basic retirement plan options and its characteristics.Identify the benefits of starting to plan for your retirement as early as possible.
Activities:
Savings, Investment and Retirement Assessment
Prepare for insurance conversation tomorrow. Learn the insurance vocabulary below. Please come prepare with Questions for our guest tomorrow.
Insurance Vocabulary
Coverage
Premium
Deductible
Claim
Check for Understanding
Standard:
Analyze choices available to consumers for protection against risk and financial loss.Learning Target:
Identify the characteristics of Auto and Renters Insurance.James Lunders - State Farm Insurance
Discover Notes and Learning about Renters and Auto Insurance
Read through the following websites about Car and Renter's Insurance to finish your guided notes.
Car Insurance - Vocabulary Understanding
http://www.statefarm.com/insurance/auto_insurance/coverage/coverage.asp
Read a Car Insurance Quote
http://www.bankrate.com/finance/insurance/car-insurance-quotes-how-to-understand-them.aspx
Renter's Insurance
http://www.statefarm.com/insurance/renters/renters.asp
Renter's Insurance Terms - Use the Links on the right side to learn more
https://www.allstate.com/tools-and-resources/know-your-policy/renters/renters-overview.aspx
Renter's Insurance Quote Examples
https://happycityliving.files.wordpress.com/2011/04/harlem-insurance-chart.jpg
https://www.allstate.com/tools-and-resources/know-your-policy/renters/renters-how-to-read-policy.aspx
Renters and Auto Insurance
Mr. Combs - Gone Sectional Golf
Seniors - Study for Finals, including insurance terms and Auto/Renters
Juniors - Complete Below
Standard:
Analyze choices available to consumers for protection against risk and financial loss.Learning Target:
Identify the characteristics of Auto and Renters Insurance.Activities:
Other Insurance Options
Life Insurance
Life
Term vs Whole(Permanent)
http://www.newyorklife.com/products/term-life-insurance-and-whole-life-insurance
Health Insurance
http://www.naic.org/documents/committees_b_consumer_information_hhs_dol_submission_1107_soc_populated.pdf
Dental Insurance
https://www.deltadentalia.com/webres/File/individual/indprefprime-sum.pdf
Vision - Example Benefits
https://www.avesis.com/maricopa/pdf/maricopa_county_benefit_summary.pdf
Disability
https://www.lifehappens.org/videos/disability-insurance-101/
Disability
Short Term
http://www.mutualofomaha.com/disability-insurance/learn/product-overview/short-term-disability.php
Long Term
http://www.mutualofomaha.com/disability-insurance/learn/product-overview/long-term-disability.php
Check for Understanding:
Complete all Insurance Guided Notes for tomorrowCheck for Understanding:
Mr. Combs - Gone Sectional Golf
Senior Final Part 1 - Must complete during class.
Juniors
Standard:
Analyze choices available to consumers for protection against risk and financial loss.Learning Target:
Identify other insurance options to help protect your financial health.Activities:
JuniorsTake Insurance Check
Senior Final Part 2
Juniors
Discuss All Insurance Items Together - Clarify and complete a formative check
Essentials will be assessed on the final
Budgeting Basics
https://www.youtube.com/watch?v=Zfo3-UUMF3c
https://bettermoneyhabits.bankofamerica.com/en/saving-budgeting/creating-a-budget
Standard:
Apply a decision-making model to maximize consumer satisfaction when buying goods and services.Learning Target:
Prepare to build a budget in recognizing the costs of living and everyday life.Activities:
Complete the Word Document and determine the budget togetherBudget Template
https://docs.google.com/a/wghawks.school/spreadsheets/d/1_HKgSojQqbzHZRgXIyZlCDpxHPbhafRpGNh7J4yva58/edit?usp=sharing
Discuss Estimations
Groceries
Gas
Entertainment
Others
Check for Understanding:
Standard:
Apply a decision-making model to maximize consumer satisfaction when buying goods and services.Learning Target:
Prepare to build a budget in recognizing the costs of living and everyday life.Activities:
Budget Template
https://docs.google.com/a/wghawks.school/spreadsheets/d/1_HKgSojQqbzHZRgXIyZlCDpxHPbhafRpGNh7J4yva58/edit?usp=sharing
Finish their Budget
Check for Understanding:
Check for Understanding:
Finals 1, 3, 5,
Part 1 - Final
Part 2 - Paper Copy
When complete, please take the course evaluation for Mr. Combs
Student Evaluation of the Course
Thanks!
Finals Periods 2, 4, 6
Part 1 - Final
Part - Paper Copy
When complete, please take the course evaluation for Mr. Combs
Thanks!
Finals 7 and 8
No School
Standard:
Apply a decision-making model to maximize consumer satisfaction when buying goods and services.Learning Target:
Prepare to build a budget in recognizing the costs of living and everyday life.Activities:
Finish Budget ConversationsPrepare for Budgeting Plan
Check for Understanding:
Standard:
Analyze choices available to consumers for protection against risk and financial loss.Learning Target:
Activities:
Insurance AssessmentCheck for Understanding:
Standard:
Learning Target:
Activities:
Finish Budget Activity and Feedback
Complete the spreadsheet and discuss how the budget would change if a life event happens
Check for Understanding:
Discuss the Final Format
Review on your own
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Activities:
Check for Understanding:
Discuss Findings - Retirement and Investments - Check for Understanding
Prepare for the Future - Savings, Investments and Retirement. - Things to Consider - The Critical List
Risk Tolerance
Do you need or have to Invest?Learning your Risk Tolerance - Discuss Risk Tolerance and Options, choices for saving money
Principal Pyramid - Discuss how to protect and determine your financial plans.
Assessment Monday
Standard:
Evaluate savings and investment options to meet short- and long-term goals.Learning Target:
Activities:
Check for Understanding:
Stock Assignment - Research and Pick 3 Stocks to see the potential for growth - We will find a winner on the last day of the semester.
Yahoo! Finance
Google Finance
What to look for?
http://www.investopedia.com/financial-edge/0411/5-essential-things-you-need-to-know-about-every-stock-you-buy.aspx
http://www.marketwatch.com/story/how-to-choose-a-stock-1305567953708
Review and finish Stock Chart and explanation why.
Save Until your Final
https://www.deltadentalia.com/webres/File/individual/indprefprime-sum.pdf